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Good News? Weekly Jobless Claims See a Decrease

Jan. 17, 2013 9:11am Becket Adams

Applications for jobless benefits fell by 37,000 for the week ending January 12, bringing the total to 335,000, down from last week’s revised figure of 372,000, the Labor Department announced on Thursday.

The four-week moving average, a “less volatile” figure, decreased by 6,750, bringing the total to 359,250, up from last week’s revised average of 366,000.

“The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending January 5, an increase of 0.1 percentage point from the prior week’s unrevised rate,” the report states.

“The advance number for seasonally adjusted insured unemployment during the week ending January 5 was 3,214,000, an increase of 87,000 from the preceding week’s revised level of 3,127,000. The 4-week moving average was 3,195,750, a decrease of 6,000 from the preceding week’s revised average of 3,201,750,” the report adds.

The states with the largest increases in initial claims for the week ending January 5 were New York (+37,189), Georgia (+15,354), North Carolina (+13,606), California (+8,691), and Texas (+8,669).

Meanwhile, Michigan (-12,536), New Jersey (-5,530), Oregon (-5,471), Ohio (-4,915), and Kentucky (4,257) posted the biggest decreases in initial claims.

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Comments (18)

joecaff2
Posted on January 17, 2013 at 8:48pm
As unemployment goes down we should see a DECREASE in the number of Americans receiving WELFARE, FOOD STAMPS and DISABILITY… right? Keep your eye on the LABOR PARTICPATION RATE along with the three programs listed above. If the labor participation rate keeps getting smaller than you know that UNEMPLOYMENT is NOT improving. This can be verified if we see these three ENTITLEMENT PROGRAMS GROWING!

Remember folks with the IMPERIAL PRESIDENT you have to watch everything very closely because he and his cronies are ALWAYS “adjusting the numbers” and manipulating what is reported. Be smart and watch EVERYTHING and do NOT make the mistake of listening to Obama or the PROPOGANDISTS IN THE MEDIA… THEY LIE!

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Ghandi was a Republican
Posted on January 17, 2013 at 3:52pm
The big picture is that we are running out of jobs to lose. We have fewer than when Jimmy Carter was using obamanomics. So how do you become ‘jobless’ when you didn’t have a job to begin with?

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Southernsoul
Posted on January 17, 2013 at 2:04pm
How is this Good News? First, these figures will be adjusted upwards and we will never hear of that. Secondly, they don’t tell what the true unemployment figures are because they are not the U6 numbers. Third, these are pretty much made-up numbers anyway, refer to first two reasons, so why report them? Here, in Tampa Bay, K Mart has closed its stores. ( I only know of 2) and Sweetbay (a grocery chain) is closing 22 stores. I don’t know for sure how many people that involves, but I’m sure its thousands. Odd, though, they close right after obamacare goes into effect. I wonder if there is any connection?

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Steve
Posted on January 17, 2013 at 1:45pm
Let’s hear some numbers on average income..or the U6 unemployment number, or the actual number of people with jobs. When all that starts to look better, then I’ll be happy.

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h20sue
Posted on January 17, 2013 at 11:06am
This is nothing but absurd.
There are too many American’s who have had to give up on finding jobs, their unemployment funds have run out, and it also depends on what area of the country you reside!.

How about those of us who are small business owners?. Self-employed. I run a business that is struggling. I have customers (since 2009) who have been late paying as much as 120 days, and I’m not talking about Mom and Pop businesses, I’m talking large corporations and conglomerates who have cut their staff more then 75%, running on skeleton crews. Cubicles are empty, large manufacturers are hurting, and due to this, my sales have been nil to none! The only way I’m surviving is due to annual service, and I’ve even had to raise costs on this as my costs has risen two fold.
I don’t know where this information about unemployment has dropped, but it’s no more then a flat out LIE. I would imagine it came from the same souce as foreclosures dropping and housing market is rising. What a bunch of c–p. Not in our area. Someone needs to get their fact straight.

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- DougHuffman
  Posted on January 17, 2013 at 11:15am
  Read retired quant Nassim Nicholas Taleb on government support of failing enterprises making the business market more fragile to Black Swan events as we have recently seen. ‘Antifragile: Things That Benefit From Randomness. The government is selling YOU more risk than you will be able to afford.
  
  Report this comment
VanceUppercut
Posted on January 17, 2013 at 10:11am
Good news? The only news that is “good” for the “patriots” who frequent this site are high jobless numbers and American companies failing. They love reading about that stuff.

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- IndyGuy
  Posted on January 17, 2013 at 10:42am
  Hey Vanna….Your trolling is getting monotonous…Try to spice it up a bit…
  
  Report this comment
- smokeysmoke
  Posted on January 17, 2013 at 10:52am
  vance your an idiot… people who come here see thru obamas bs that he can tax and spend, and the economy is going to get better….
  
  OBAMA HAS SPEND MORE MONEY THAN ANY PRESIDENT IN AMERICAN HISTORY… he could cut from the budget, cut “bushes wasteful spending” as he blamed for four years now, he could have left the wars, he could have shut down military bases…
  but he did not and has been racking up debts that are TWICE AS LARGE AS BUSHES AVERAGE DEBT OVER 8 YEARS>…. meaning that obama borrowed 6 trillion in 4 years, bush borrowed 5 trillion in 8… BUSH WAS TERRIBLE FOR THE ECONOMY,
  
  and many people who frequent here, know and are learning about the massive government spending is acts like a TAX ON THE MIDDLE CLASS… and they just tell them that if they tax the rich they can hire teachers… to make the stupid poor feel good….
  
  in reality the high taxes, and spending act as a form of inflation that is the cause of the HIGHER PRICED GOODS THAT WE HAVE BEEN SEEING… food housing energy, mined goods, all prices are being inflated, not becuase capitlism and greed, BUT BEUCASE THE GOVERNMENT DEMAND SIDE POLICIES THAT THEY NATION HAS FOLLOWED SINCE FDR… they dont realize that by having the govt tax and limit supply, while at the same time, spending massive dollars to prop up demand, EQUATES TO A PRICE INCREASE, and thus a decrease in the standard of living, by having the middle class pay more for living needs… and WAGES NEVER KEEP UP with prices=wage-pri
  
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IndyGuy
Posted on January 17, 2013 at 9:53am
“Weekly Jobless Claims See a Decrease”….Soon to be revised………But you’ll have to look hard to find the revision…

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hempstead1944
Posted on January 17, 2013 at 9:42am
These numbers are just a bunch of garbage ! They do not reflect the “real” world of plant closures and layoffs. Wonder why our government bothers to put this trash out?

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- DougHuffman
  Posted on January 17, 2013 at 11:08am
  They do not account for those that are not any longer seeking employment.
  
  Simpleton economystics often use the “rising tide floats all boats” allegory. Those not seeking employment have grounded their boats that no longer float. Only a falling cost of living tide can help us.
  
  Report this comment
hauschild
Posted on January 17, 2013 at 9:38am
Worry about how leftists cling to short-term, fudged, jobs numbers reports. At first, you feel sorry for them. But, after time and again of it, you begin to feel sorry for this nation.

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- VanceUppercut
  Posted on January 17, 2013 at 10:10am
  Hmm, are you one of those crazies who thinks that people are lying about their employment status to help Obama?
  
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grams09
Posted on January 17, 2013 at 9:29am
Awesome. In my family alone since January 1st, one members hours were cut from 40 hrs per week to 20 and another’s bi-weekly check is $150.00 less than in December because of taxes and medical costs. Yeah for the good news on the jobs report. ( I’m being sarcastic).

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DougHuffman
Posted on January 17, 2013 at 9:24am
Good news, or another lie?

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- seek.the.truth
  Posted on January 17, 2013 at 10:16am
  Lie
  
  Report this comment
- anothercomment
  Posted on January 17, 2013 at 9:15pm
  an ‘adjusted’ lie…
  
  Report this comment

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